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DoubleVerify price target raised to $40 from $35 at Goldman Sachs

Goldman Sachs raised the firm’s price target on DoubleVerify to $40 from $35 and keeps a Buy rating on the shares. The firm expects DoubleVerify to achieve 25.5% total revenue growth in 2023 about forecasts about a 22% FY22-FY27 revenue compound annual growth rate, the analyst tells investors in a Q2 earnings preview note for the internet U.S. digital ads group.

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